Dubai-based Bonyan Emirates Properties unveils flagship Panoramic project

Bonyan Emirates Properties, which has no relation to Abu Dhabi-based Bonyan International Investment Group, revealed that it will add a series of new developments to its existing 'blue chip' projects in Dubai such as Atheryat, Bur Dubai; Centurion, Bank Street and Azure, its most recently completed landmark development and the first outsourced property in Dubai Marina to be fully occupied.

Completion of Dubai Marina's Panoramic building is expected in July 2006 with the official key handover taking place shortly afterwards. Prices for the apartments range from AED 490,000 for a one-bedroom apartment to AED 1,900,000 for a three-bedroom penthouse on the seventh floor.

As with the Azure property, Panoramic is offered as freehold ownership to UAE, GCC and expatriate investors. An easy payment plan of eight installments, starting with a 10 per cent down payment at the signing of the preliminary agreement and the final 10 per cent at the time of taking possession of the property, is also available.

Bonyan Emirates Properties additional ongoing real estate developments include properties in Dubai Technology, Electronic Commerce and Media (TECOM) Free Zone, and a luxurious residential project in the Chinatown district.

Mr. Ismail Akil Abbasi, Chairman of the Ismail Akil Abbasi Group and Chief Executive Officer of Bonyan Emirates Properties, said: "Bonyan is taking the lead in offering distinctive, top class residential property that add quality to the life of Dubai's residents.

"The company is a uniquely Dubai organisation focusing on offering options for local residents and contributing to the emirate's development. Our team of real estate specialists, architects and consultants has developed a track record of creating state-of-the-art residences offering unique lifestyles. This is what makes Bonyan Emirates Properties stand out."

Bonyan Emirates Properties was established in 1988 and has more than 15 years of real estate planning, development and marketing experience in the Gulf region. During the past decade the wholly-owned Abbasi group subsidiary's total realty solutions, specifically in the areas of real estate investments, acquisitions, management, leasing and ancillary and advisory services, have become bywords for excellence.

Bonyan Emirates Properties parent company the Abbasi Group was established in 1943 and its subsidiaries include Worldtex and Dubtrade, the master franchisee holder of global coffee house chain Coffee Bean and Tea Leaf. Mr. Abbasi said: "Our aim continues to be to provide an extensive range of properties for differing tastes and requirements."